Business
FIRS Shuts Tax-defaultter Firms
In a continued drive to
ensure tax payment compliance, the Federal Inland Revenue Service (FIRS), has recently shut down premises of default in companies in Lagos State and Abuja, the Federal Capital Territory.
The FIRS team lead by Mr Chinazor Edeh, shutdown the offices of Taleveras, an energy firm, in Abuja.
According to a warrant of distrait presented by the team, the company is owing over N667 million in tax liabilities.
Edeh, who spoke to the chief security officer, the highest ranking officer of the company present at the time of closure, explained that FIRS was not interested in shutting down the company, but that they were constrained to do so since the company failed to pay the balance of its tax liabilities after it paid N50 million in May.
The chief security officer explained that the company was not capable of defraying the liabilities, as staff salaries, had not been paid, consequent upon which the enforcement team ordered the workers to vacate the premises before sealing of the company.
Also sealed off by the FIRS enforcement team is, Jardin Nigeria Limited, a landscaping/project management company, with an office at Abuja Transcorp Hilton Hotel .
Jardin Nigeria Limited, owes more than N129 million, according to the enforcement team who also advised that they could pay 50 per cent of what they owe and arrangement with FIRS on a structural payment of the balance.
In Lagos State, the FIRS enforcement team led by Anita Erinne, shut down two firms, Guarantee Petroleum Company, located at 21 Salvation Road, off Opebi Road, which owes tax liabilities of $13.26 million and Capital Oil Plc at 43 Adiniyi Jones Avenue, which has sealed over tax liabilities of N81.8 million.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
